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China unveils first practical drone swarm tech, ‘to be used in amphibious landing missions’ – Global Times

China has grasped the technology to practically use a drone swarm, a concept featuring the simultaneous and coordinated operation of a large number of drones th…

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A GJ-11 stealth attack drone makes its parade debut during the National Day parade held in Beijing on October 1, 2019. Photo: Fan Lingzhi/GT
China has grasped the technology to practically use a drone swarm, a concept featuring the simultaneous and coordinated operation of a large number of drones that could prove to be very difficult to defend against, a Chinese arms firm recently demonstrated in tests. Capable of deployment from the ground, sea and air, this new tool could play a vital role i…

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Uptown restaurant Chino Latino closes after 20 years – Minneapolis Star Tribune

Owners say the global street food restaurant “will live again” in new location.

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Chino Latino, the global street food restaurant near the corner of Lake and Hennepin for 20 years, closed Sunday.
“The decline was in place three to four years ago,” said Phil Roberts, co-founder of Parasole Restaurant Holdings in Edina, which owns and operates Manny’s Steakhouse, Pittsburgh Blue, Field Day, Good Earth and Burger Jones. “It began gradually and then COVID and the protests and rioting hit.”
Parasole believes the concept remains strong, and that it could be transported to another neighborhood….

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Ant Group, biggest IPO ever, plans to raise $34.5B – Fox Business

The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.

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HONG KONG (AP) — The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records.
Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.
GOLDMAN SACHS JOINS ANT’S UP TO $30 BILLION IPO BANKING SYNDICATE, SOURCES SAY
Its Shanghai…

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Can Gap Escape the Whirlwind? New CEO Confronts Years of Decline – The Wall Street Journal

Sonia Syngal is plotting a future of fewer stores and more fashion risks to revive the company’s namesake brand

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In late March, Gap Inc., the perennially struggling retailer, temporarily closed all its North American stores in response to the Covid-19 lockdown and lost 70% of its revenue overnight.
Four days later, Sonia Syngal took over as CEO.
The pandemic has washed out many companies that were already on shaky ground, especially in retailing. J.Crew…

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